How to Cut Drug Costs

Editor's Comment: Consumer Reports has recently released an informative article on how consumers can significantly cut drug costs, based on their own analyses.

The report also covers come basic facts about prescription drugs, such as why prices may suddenly jump, how often drugs are evaluated, and why paying cash can often result in significant savings. If you are taking several medications, this article is well worth reading.

Many Americans, even those who have insurance coverage, spend more than they need to on prescription medications. Those who regularly take a prescription drug spent an average of $758 a year, according to our 2012 Consumer ­Reports Best Buy Drugs annual prescription-­drug poll.

Overall, people who currently take prescription drugs take an average of four medications, and 14 percent say they take seven or more. And to pay for all of those drugs, some cut back on other household expenses, spending less on entertainment and dining out, groceries, or clothing. Here’s how to keep more money in your pocket and still get effective and safe treatments for what ails you.